Iridium Communications stock has surged 213.7% year to date, yet its valuation picture is split, with a Discounted Cash Flow (DCF) estimate pointing to upside while market multiples point to a richer price tag and a low overall value score. Year to date, Iridium Communications is up 213.7%, which puts extra focus on whether recent gains already reflect the expected benefits from its agreed US$8b cash and stock acquisition by Rocket Lab and ongoing IoT expansion. The pending Rocket Lab deal...
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Is buying a profitable satellite network outright the smartest money this launch company has ever spent?
Rocket Lab’s $8 billion Iridium deal gives the space company something that cannot be built overnight: a global satellite communications network. The company is buying Iridium Communications (IRDM) to move deeper into satellite networks, spectrum, and recurring communications revenue. Owning that ...
Investor interest in the broader space sector is reignited. Planet Labs PBC rallied over 15% after Rocket Lab announced its $8 billion acquisition of Iridium Communications.
During an interview with CNBC, Beck said that the $8 billion Iridium deal provides Rocket Lab with a great entry point to launch application services in space.
Shares of aerospace and defense company Rocket Lab (NASDAQ:RKLB) jumped 4.1% in the afternoon session after its stock continued to rally following the announcement of a deal to acquire Iridium Communications for approximately $8 billion.
The combined entity will be an end-to-end space company.
Rocket Lab just made its biggest move yet. The space company, known for launching small rockets into orbit, is buying Iridium Communications in a deal valued at about $8 billion. For years, Rocket Lab (RKLB) built rockets and satellite parts for other companies. Now it wants to own and ...
The space rally that kicked off yesterday is rolling straight into Tuesday’s session. Planet Labs (NYSE:PL) stock is up 8% to $33.65, Rocket Lab (NASDAQ:RKLB) stock is up 5% to $102.75, and SpaceX (NASDAQ:SPCX) stock is up 4% to $170.12 in midday trading. This looks like a broad move across the sector. All three pure-play ... Planet Labs Spikes 8%, Rocket Lab Gains 5%, SpaceX Climbs 4% as the Space Rally Rolls On
Rocket Lab agreed to acquire Iridium Communications in an $8 billion cash-and-stock deal, adding recurring telecom revenue and L-band spectrum to its launch business.
Rocket Lab Corp. and Iridium Communications Inc. announced Monday that they have entered into a definitive agreement under which Rocket Lab will acquire Iridium in a cash-and-stock transaction valued at approximately $8 billion in enterprise value. Under the agreement, Iridium...
Rocket Lab stock was up 3.1% at $100.94 in premarket trading, while the and were up 0.2% and 0.1%, respectively. The move follows on Monday’s massive 15.9% gain, which came after Rocket Lab agreed to buy Iridium for $54 a share, turning Rocket Lab into a mini- SpaceX with the ability to launch rockets, build satellites, and operate a communications network in space.
RKLB's planned Iridium acquisition would create a global satellite network, L-band spectrum and subscription revenue, reshaping its space business if approved.
SPCX to enter Nasdaq-100, while Rocket Lab inks an $8B Iridium deal. Which space stock has the stronger long-term edge?
The deal will be the rocket manufacturer’s “shortcut” to enter the space applications market, CEO Peter Beck said. Accessing Iridium’s spectrum could also help level the playing field with rival SpaceX.
Iridium (IRDM) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
(Bloomberg) -- As Elon Musk basked in the public spectacle of SpaceX’s blockbuster initial public offering this month, another — altogether more restrained — rocket executive also hailing from the Southern Hemisphere was putting the final touches on his biggest strategic move. Most Read from BloombergYen Hits Four-Decade Low in Historic Slide That’s Rattled JapanTrump’s U-Turn on Iran Sanctions Would Unravel Decades of CurbsWhatsApp Opens Username Reservations to 3 Billion UsersUS Stocks Get Tec
The proposed deal brings together Rocket Lab’s launch expertise with Iridium’s global satellite communications network and subscriber base.
Rocket Lab (NasdaqGS:RKLB) has agreed to acquire Iridium Communications in an all stock deal valued at about US$8b. The transaction would shift Rocket Lab from a pure launch provider into a vertically integrated space and satellite communications business. The deal adds an operational satellite network, spectrum rights and a broad communications customer base to Rocket Lab's existing launch and spacecraft operations. Rocket Lab has been known primarily for its small launch vehicles and...
Iridium Communications Inc. (NASDAQ:IRDM) is one of the 10 Stocks Investors Are Chasing Right Now. Iridium Communications soared to a nearly three-year high on Monday, as investors gobbled up shares following news that it is set to merge with Rocket Lab Corp. for $8 billion. In intra-day trading, the stock climbed to a record high […]
Rocket Lab Corp. (NASDAQ:RKLB) is one of the 10 Stocks Investors Are Chasing Right Now. Rocket Lab saw its share prices jump by 15.93 percent on Monday to close at $98.01 apiece, as investors gobbled up shares following news that it is expanding into satellite communications for $8 billion. This followed announcements during the day […]
The satellite specialist is merging with a rocket launch leader.
Shares of aerospace and defense company Rocket Lab (NASDAQ:RKLB) jumped 11.7% in the afternoon session after the company announced it would acquire satellite communications company Iridium Communications in a deal valued at approximately $8 billion.